We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
After the market crash in October in 1929....
Options
Asheron
Posts: 1,229 Forumite
After the market crash in October in 1929, the main part of the big depression ran from 1930 into 1933 . After a slight recovery...
Millions of People suffered from a disease caused by malnutrition. People lost their homes because they didn't have enough money to pay their mortgage.In1932 at least 200,000 young people and 25,000 families roamed through the country looking for food, clothing, shelter, and a job.
The Great Depression had many effects on the United States. It produced new laws that gave the government far more power than at any time in the history of our nation. It changed the American society's outlook toward life.
Millions of People suffered from a disease caused by malnutrition. People lost their homes because they didn't have enough money to pay their mortgage.In1932 at least 200,000 young people and 25,000 families roamed through the country looking for food, clothing, shelter, and a job.
The Great Depression had many effects on the United States. It produced new laws that gave the government far more power than at any time in the history of our nation. It changed the American society's outlook toward life.
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
0
Comments
-
Black Thursday was Oct 24, 1929 when the stock values dropped. The Friday and Saturday after Black Thursday stock prices remained steady. On Monday stock prices fell once again. By Tuesday, October 29, the stockholders panicked and began to sell a record of 16,410,030 shares of stock.
http://library.thinkquest.org/3483/Rhist/gd.htmlAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0 -
And yet during the 'Great Depression', the UK had only a recession and was relatively unscathed. Perhaps you might also want to talk about Germany in the 20's, Zimbabwe, Argentina and other non-UK countries that have had financial meltdowns?
I love history, especially foreign history. Please do go on....."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards